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Alibaba Says Business Is Back to Pre-Covid-19 Levels

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Alibaba Group’s business has returned to normal as first-quarter results bested Wall Street’s estimates. In a Nutshell: The Chinese conglomerate said its core commerce business has “fully recovered to pre-Covid-19 levels across the board.” “Alibaba delivered excellent results this past quarter. We were well positioned to capture growth from the ongoing digital transformation, which has been…

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